Singapore-based private healthcare group Foundation Healthcare Holdings is preparing for a major public listing on the Singapore Exchange (SGX), aiming to raise approximately $242 million through its initial public offering.
The healthcare company, backed by SeaTown International Holdings, plans to list on the SGX mainboard on July 8. The IPO is expected to value the company at between $1.01 billion and $1.20 billion based on its planned share price range.
Foundation Healthcare is offering shares at between $0.76 and $0.92 each. The offering includes a significant allocation for cornerstone investors, who have committed to purchasing shares ahead of the public listing.
The cornerstone investors include major financial institutions and investment firms, reflecting strong institutional interest in Singapore’s growing private healthcare sector.
The IPO will consist of both new and existing shares. A portion of the proceeds from newly issued shares will be used to expand the company’s healthcare network, invest in medical practices, enter new markets, and support working capital needs.
Foundation Healthcare has reported strong financial growth ahead of the listing. The company recorded a pro forma profit of $48.4 million in 2025, representing significant year-on-year growth, while revenue increased to $265.9 million.
The group currently operates a wide healthcare network in Singapore, including specialist doctors, clinics, and medical centres. Its services cover multiple areas of private healthcare delivery.
The planned listing comes as demand for healthcare services continues to rise across Asia, driven by ageing populations, increasing healthcare awareness, and growing demand for specialist medical services.
With the IPO, Foundation Healthcare aims to strengthen its position in the regional healthcare market and accelerate expansion through acquisitions and new investments.
